When I wrote the above article 3 weeks ago, I was not expecting the stock to have such a short term rally. In particular after they announced their capital increase a couple of days later.
Anyway, my view on the stock has not changed. Even at today's price, I think the stock is cheap, in particular if you take a 3 to 5 years view on the company. 3 elements drive me to be confident on their growth :
- the ecommerce market is now accelerating,
- unlike the previous years, Kogan is now able to increase its market share, probably due to the success of its market place,
- lastly, it has proved in the past (like during the last 11 months) that it has a good control of its costs, so the profit can increase faster than the sales.
One thing which surprises me : I can't find many well known institutions among their major shareholders. I wonder if it may change.
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Last
$4.52 |
Change
0.280(6.60%) |
Mkt cap ! $454.7M |
Open | High | Low | Value | Volume |
$4.24 | $4.53 | $4.24 | $3.988M | 907.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 530 | $4.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.53 | 5121 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 530 | 4.510 |
3 | 14530 | 4.500 |
2 | 2869 | 4.490 |
2 | 2869 | 4.480 |
2 | 2869 | 4.470 |
Price($) | Vol. | No. |
---|---|---|
4.530 | 5121 | 2 |
4.550 | 47373 | 4 |
4.560 | 5730 | 4 |
4.570 | 2869 | 2 |
4.580 | 5869 | 3 |
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